Thursday, December 1, 2022

Trust in brands drives consumer spending finds Adobe’s latest study

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Adobe announced results from a study of over 1,000 Aussie consumers and 200 business leaders, which finds a correlation between brand trust and consumer behaviour. 54% say they will stop purchasing from brands that break their trust, while 72% plan to spend at least $700 more each year with trusted brands compared to the global average of 60%. 

Mother & son who founded beauty business during pandemic reaping big

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COVID-19 had a big impact on us all and it seems we are yet to see the lasting effects. For mother and son, Ronda and Harvey Helou, it impacted them in many ways - good and bad. Half way through 2021, Ronda was admitted to hospital; years of stress from running her salon in Sydney’s South West had built up. She was required to undertake surgery days later.

EG seeks to lift the Proptech market, launches $100 million incubator EGX

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Managed property fund EG announced the launch of EGX, a technology incubator aimed at helping build the future of the property and real estate industry across ANZ and globally. Initiated in 2021, EGX already holds a portfolio investment of AUD $100m and is supporting three innovative and high growth firms spanning a wide range of growth areas in the Proptech market like digital twins, data analytics and intelligence, sustainability, and more.

Till Payments partners with Alipay+ to prompt other digital payment methods

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Global payments fintech disruptor, Till Payments (Till) has announced a partnership with Alipay+, a suite of cross-border payments and marketing solutions operated by Ant Group, to integrate Alipay into its new Education product offering and explore the potential integration of other digital payment methods brought by Alipay+

Sophos study reveals 80% of Aussie firms hit with ransomware in 2021

Sophos, a global company in cybersecurity, released its annual survey and review of real-world ransomware experiences in the State of Ransomware 2022. The report shows that 80% of Australian firms surveyed were hit with ransomware in 2021, up from 45% in 2020. The average ransom paid by firms that had data encrypted in their most significant ransomware attack, was $226,863, with 43% paying between $100,000 – $499,999. Forty-three per cent of the organisations that had data encrypted paid the ransom to get their data back, even if they had other means of data recovery, such as backups.

LeadSquared establishes Oceania headquarters in Melbourne, Australia

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LeadSquared, a Bengaluru-based end-to-end sales, marketing, and onboarding automation solutions firm, is pleased to announce the opening of a new office in Melbourne, Australia. The platform is a purpose-built sales and marketing automation suite that enables connected experiences. Through its various modules of Sales Execution, Marketing Automation, Field Force Automation, and Customer Portals, it makes efficiency the focus of every customer interaction, turning prospects into advocates. Supported by initiatives from the Victorian govt, Australia is set to become a Hub for all go-to-market training needs for the company.

One Key Access raises $1m in pre-seed funding to curb delivery problem

One Key Access, has converged the LogisticsTech and PropTech industries to combat parcel theft and provide authorised couriers with secure access to buildings and parcel storage locations. The start-up has raised $1m in funding from Antler Australia, LaunchVic’s Alice Anderson Fund and strategic Angel investors in their recent pre-seed investment round.

IT consultancy Winyama helps close the digital gap in remote communities

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Proud Ngarluma traditional owner, Andrew Morumburri Dowding, has spent the best part of two decades working in heritage-focused roles, supporting cultural mapping – creating visual maps that ensure firms and govts can make data driven decisions with the right contextual information, like sacred sites, natural land features and other culturally significant features.

New mobile smartphone repair service welcomed in Australia

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Likewize, the fast-growing full-service tech protection and support provider, has launched Likewize Repair, a new ‘we-come-to-you’ mobile repair service providing Aussies with a quick and easy, at-home solution to the otherwise frustrating process of repairing a smartphone. Research from Likewize found 5.9 million Aussie adult smartphone users have damaged their device in the last year and almost 5 million admit to damaging their device within its first year of ownership, leaving them to either complete the rest of their contract with a damaged phone, or lose access to their device for a few hours, or even days, while it is repaired.

Inflation and Russia-Ukraine crisis causes shift in ESG approach

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A new poll from independent investment consultancy, bfinance, on institutional investors’ responses to macroeconomic and geopolitical developments has revealed widespread re-evaluation of Environmental, Social, and Governance strategies and asset class exposures. Some 418 institutional investors (pension funds, insurers and others) from 39 different countries contributed to the 'What Are Investors Thinking Now?' study.